• shortwavesurfer
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    5 months ago

    Chain analysis companies even admit that about 1% of crypto use is for criminal activity. The other 99% is lawful use

    • bitofhope@awful.systems
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      5 months ago

      Shit, here I thought that at least buying illegal drugs was a somewhat defensible reason to deal in crypto and now you’re telling me 99% of it is not even for that?

      You’re not making monero look cooler, you’re just making digital privacy look worse.

      • David Gerard@awful.systemsOPM
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        5 months ago

        the 1% claim is a distorted version of a report from Chainalysis that said 1.5% of bitcoin use was definitely identified as crime

        even then, they calculated this by carefully ignoring most of the crime

        • bitofhope@awful.systems
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          5 months ago

          I dunno, sounds reasonable to me. Just like when recent studies by independent groups of experts on fintech enthusiasts found that investing in cryptocurrency was correlated with up to 70% increased body odor, a statistically significant drop in attractiveness and between one and three standard deviations below baseline level of self awareness.

          The independent group consisted of me. The papers are available if you pay me 350€ for a yearly subscription to my journal.

    • self@awful.systems
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      5 months ago

      brings up monero

      about 1% of crypto use is for criminal activity. The other 99% is lawful use

      time for you to fuck off now

      • self@awful.systems
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        5 months ago

        and of course their entire post history is just generic crypto misinformation with a weird monero obsession

        • shortwavesurfer
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          5 months ago

          2 out of 11 posts seems like a pretty bad ratio for “entire”

          Edit: thats 18.2% or <1/5

          Edit 2: my previous account (moved instances) is 43/199 posts or 21.61% so just over 1/5.